Compatibility!

It's about what we were expecting, but we're hopeful that if we're patient and prepared, we'll be able to make it happen (we both have family in Real Estate so we knew the market was getting hot down here).We'll definitely begin assessing properties this week.

As a self declared newbie in real estate you do not yet benefit from a similar 'feel' and all the more so have to be conservative in your assessments.

It is about properly assessing risk and reward. 

The town assessors office assesses the house at $510K. 

I'm hoping to get some advice on a matter I'm having with the board of my condo complex.Briefly, they negotiated a $4.2M renovation loan whereby the collateral is the monthly assessments collected from the owners to pay back the loan.

Additional Info I received from sellercurrent tax assessment $54,900 Annual Taxes 1344.82 Operating statement attached.

I totally agree with your assessment.

Go to the county tax assessor online and you can get information, (taxes paid,value house was assessed, the owners name and address.

Smaller loan vendors might offer loans that eventually put their clients in a difficult position because they based their assessments on unrealistic assumptions.